The Organisation

The National Stock Exchange of India Limited has genesis in the report of the High Powered Study Group on Establishment of New
Stock Exchanges. It recommended promotion of a National Stock Exchange by financial institutions (FIs) to provide access to
investors from all across the country on an equal footing. Based on the recommendations, NSE was promoted by leading Financial
Institutions at the behest of the Government of India and was incorporated in November 1992 as a tax-paying company unlike
other stock exchanges in the country.

On its recognition as a stock exchange under the Securities Contracts (Regulation) Act, 1956 in April 1993, NSE commenced
operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment commenced
operations in November 1994 and operations in Derivatives segment commenced in June 2000.

The following years witnessed rapid development of Indian capital market with introduction of internet trading, Exchange traded
funds (ETF), stock derivatives and the first volatility index - IndiaVIX in April 2008, by NSE.

August 2008 saw introduction of Currency derivatives in India with the launch of Currency Futures in USD INR by NSE. Interest
Rate Futures was introduced for the first time in India by NSE on 31st August 2009, exactly after one year of the launch of
Currency Futures.

With this, now both the retail and institutional investors can participate in equities, equity derivatives, currency and interest rate
derivatives, giving them wide range of products to take care of their evolving needs.

Our Group Associate/Affiliate Companies

NSCCL NCCL NSETECH

DotEx Intl. Ltd.

IISL NSE.IT
NSE Milestones

November 1992 Incorporation

April 1993 Recognition as a stock exchange

May 1993 Formulation of business plan

June 1994 Wholesale Debt Market segment goes live

November 1994 Capital Market (Equities) segment goes live

March 1995 Establishment of Investor Grievance Cell

April 1995 Establishment of NSCCL, the first Clearing Corporation

June 1995 Introduction of centralised insurance cover for all trading members

July 1995 Establishment of Investor Protection Fund

October 1995 Became largest stock exchange in the country

April 1996 Commencement of clearing and settlement by NSCCL

April 1996 Launch of S&P CNX Nifty

June 1996 Establishment of Settlement Guarantee Fund

November 1996 Setting up of National Securities Depository Limited, first depository in India, co-promoted by NSE

November 1996 Best IT Usage award by Computer Society of India

December 1996 Commencement of trading/settlement in dematerialised securities

December 1996 Dataquest award for Top IT User

December 1996 Launch of CNX Nifty Junior

February 1997 Regional clearing facility goes live

November 1997 Best IT Usage award by Computer Society of India

May 1998 Promotion of joint venture, India Index Services & Products Limited (IISL)

May 1998 Launch of NSE's Web-site: www.nse.co.in

July 1998 Launch of NSE's Certification Programme in Financial Market

August 1998 CYBER CORPORATE OF THE YEAR 1998 award

February 1999 Launch of Automated Lending and Borrowing Mechanism

April 1999 CHIP Web Award by CHIP magazine

October 1999 Setting up of NSE.IT

January 2000 Launch of NSE Research Initiative

February 2000 Commencement of Internet Trading

June 2000 Commencement of Derivatives Trading (Index Futures)

September 2000 Launch of 'Zero Coupon Yield Curve'

November 2000 Launch of Broker Plaza by Dotex International, a joint venture between NSE.IT Ltd. and i-flex Solutions Ltd.

December 2000 Commencement of WAP trading

June 2001 Commencement of trading in Index Options

July 2001 Commencement of trading in Options on Individual Securities

November 2001 Commencement of trading in Futures on Individual Securities

December 2001 Launch of NSE VaR for Government Securities

January 2002 Launch of Exchange Traded Funds (ETFs)

 NSE wins the Wharton-Infosys Business Transformation Award in the Organization-wide Transformation
May 2002
category

October 2002 Launch of NSE Government Securities Index

January 2003 Commencement of trading in Retail Debt Market

June 2003 Launch of Interest Rate Futures

August 2003 Launch of Futures & options in CNXIT Index

June 2004 Launch of STP Interoperability

August 2004 Launch of NSE’s electronic interface for listed companies

March 2005 ‘India Innovation Award’ by EMPI Business School, New Delhi

June 2005 Launch of Futures & options in BANK Nifty Index

December 2006 'Derivative Exchange of the Year', by Asia Risk magazine

January 2007 Launch of NSE – CNBC TV 18 media centre

March 2007 NSE, CRISIL announce launch of IndiaBondWatch.com

June 2007 NSE launches derivatives on Nifty Junior & CNX 100

October 2007 NSE launches derivatives on Nifty Midcap 50

January 2008 Introduction of Mini Nifty derivative contracts on 1st January 2008

March 2008 Introduction of long term option contracts on S&P CNX Nifty Index

April 2008 Launch of India VIX

April 2008 Launch of Securities Lending & Borrowing Scheme

August 2008 Launch of Currency Derivatives

August 2009 Launch of Interest Rate Futures

November 2009 Launch of Mutual Fund Service System

December 2009 Commencement of settlement of corporate bonds

February 2010 Launch of Currency Futures on additional currency pairs

March 2010 NSE- CME Group & NSE - SGX product cross listing agreement

April 2010 Financial Derivative Exchange of the Year Award' by Asian Banker

Facts & Figures

 • Business Growth: CM | F&O | WDM | RDM

Geographical Spread of NSE

NSE Factbook | Archives

Indian Securities Market, A Review | Archives

Financials

More Statistics : CM | F&O | WDM | RDM | Indices | NSCCL

AT A GLANCE:

CAPITAL MARKET (EQUITIES) SEGMENT

1 Settlement Guarantee Fund 31-MAR-2009 Rs.4,843.50 crores

2 Investor Protection Fund 30-APR-2010 Rs.307.02 crores

3 Number of securities available for trading 30-JUN-2010 1,926

4 Record number of trades 19-MAY-2009 11260392

5 Record daily turnover (quantity) 19-MAY-2009 19225.95 lakhs

6 Record daily turnover (value) 19-MAY-2009 Rs.40151.91 crores

7 Record market capitalisation 07-JAN-2008 Rs.67,45,724 crores

8 Record value of S&P CNX Nifty Index 08-JAN-2008 6357.1

9 Record value of CNX Nifty Junior Index 04-JAN-2008 13209.35

CLEARING & SETTLEMENT

1 Record Pay-in/Pay-out (Rolling Settlement):

Funds Pay-in/Pay-out (N2007200) 23-OCT-2007* Rs.4,567.70 crores

Securities Pay-in/Pay-out (Value) (N2009088) 21-MAY-2009* Rs.9,523.33 crores

Securities Pay-in/Pay-out (Quantity) (N2009088) 21-MAY-2009* 4,385.75 lakhs

*Settlement Date

DERIVATIVES (F&O) SEGMENT

1 Settlement Guarantee Fund 31-MAR-2009 Rs.23,655.86 crores

2 Investor Protection Fund 30-APR-2010 Rs.54.53 crores

3 Record daily turnover (value) 28-JAN-2010 Rs.166,193.03 crores

4 Record number of trades 07-JAN-2009 1874697

CURRENCY DERIVATIVES SEGMENT

 1 Record daily turnover (value) 20-APR-2010 Rs.21,903.34 crores

2 Record number of trades 11-JAN-2010 78935

3 Record number of contracts 20-APR-2010 4884935

4 Investor Protection Fund 30-APR-2010 Rs.0.01 crores

WHOLESALE DEBT SEGMENT

1 Number of securities available for trading 30-JUN-2010 4,263

2 Record daily turnover (value) 25-AUG-2003 Rs. 13,911.57 crores

Our Technology

Across the globe, developments in information, communication and network technologies have created paradigm shifts in the
securities market operations. Technology has enabled organisations to build new sources of competitive advantage, bring
about innovations in products and services, and to provide for new business opportunities. Stock exchanges all over the
world have realised the potential of IT and have moved over to electronic trading systems, which are cheaper, have wider
reach and provide a better mechanism for trade and post trade execution.

NSE believes that technology will continue to provide the necessary impetus for the organisation to retain its competitive
edge and ensure timeliness and satisfaction in customer service. In recognition of the fact that technology will continue to
redefine the shape of the securities industry, NSE stresses on innovation and sustained investment in technology to remain
ahead of competition. NSE's IT set-up is the largest by any company in India. It uses satellite communication technology to
energise participation from around 200 cities spread all over the country. In the recent past, capacity enhancement
measures were taken up in regard to the trading systems so as to effectively meet the requirements of increased users and
associated trading loads. With upgradation of trading hardware, NSE today can handle up to 15 million trades per day in
Capital Market segment. In order to capitalise on in-house expertise in technology, NSE set up a separate company, NSE
Technology Services Ltd. which is expected to provide a platform for taking up all IT related assignments of NSE.

NEAT is a state-of-the-art client server based application. At the server end, all trading information is stored in an in-memory
database to achieve minimum response time and maximum system availability for users. The trading server software runs
on a fault tolerant STRATUS main frame computer while the client software runs under Windows on PCs.

The telecommunications network which was using X.25 protocol and is the backbone of the automated trading system is
being upgraded to use the more popular and modern IP Protocol. This is a major project involving use of X.25 and IP in
parallel and ensuring smooth transition to IP. Each trading member trades on the NSE with other members through a PC
located in the trading member's office, anywhere in India. The trading members on the various market segments such as CM
/ F&O, WDM are linked to the central computer at the NSE through dedicated leased lines and VSAT terminals. The Exchange
uses powerful RISC -based UNIX servers, procured from HP for the back office processing. The latest software platforms like
ORACLE 10g RDBMS, SQL/ORACLE FORMS Front - Ends, etc. have been used for the Exchange applications. The Exchange
currently manages its data centre operations, system and database administration, design and development of in-house
systems and design and implementation of telecommunication solutions.

NSE is one of the largest interactive VSAT based stock exchanges in the world. Today it supports more than 2000 VSATs and
3000 leased lines across the country. The NSE- network is the largest private wide area network in the country and the first
extended C- Band VSAT network in the world. Currently more than 9000 users are trading on the real time-online NSE
application. There are over 15 large computer systems which include non-stop fault-tolerant computers and high end UNIX
servers, operational under one roof to support the NSE applications. This coupled with the nation wide VSAT network makes
NSE the country's largest Information Technology user.

In an ongoing effort to improve NSE's infrastructure, a corporate network has been implemented, connecting all the offices
at Mumbai, Delhi, Calcutta and Chennai. This corporate network enables speedy inter-office communications and data and
voice connectivity between offices.

In keeping with the current trend, NSE has gone online on the Internet. Apart from having multiple internet links and our
own domain for internal browsing and e-mail purposes, we have also set up our own Web site. Currently, NSE is displaying
its live stock quotes on the web site (www.nseindia.com) which are updated online.

NSE today allows members to provide internet trading facility to their clients through the use of NOW (NSE on web), a
shared web infrastructure.
Careers with Us

Since its inception in 1992, National Stock Exchange of India has been at the vanguard of change in the Indian securities market. This period
has seen remarkable changes in markets, from how capital is raised and traded, to how transactions are cleared and settled. The market has
grown in scope and scale in a way that could not have been imagined at the time. Average daily trading volumes have jumped from Rs. 17
crore in 1994-95 when NSE started its Cash Market segment to Rs.11,325 crore in 2008-09. Similarly, market capitalization of listed Indian
firms went up from Rs.363,350 crore at the end of March 1995 to Rs.2,896,194 crore at end March 2009.

NSE has many firsts to its name such as creation of the first clearing corporation in the country in the form of the National Securities Clearing
Corporation Limited (NSCCL), including the first systematic process of member inspections, building a sophisticated market surveillance
system, and a country wide high capacity data network supporting close to 200,000 dealer.

NSE is the largest stock exchange of the country. It has a market share of nearly 70% in equity trading and 98% in futures and options
trading in India. Globally, NSE ranks among the top three stock exchanges in terms of number of contracts traded in single stock futures,
index futures and stock options. We are among the top four of the stock exchanges around the world in terms of number of transactions and
are also ranked among the top ten largest derivatives exchanges of the world. At NSE, we are constantly working towards creating a more
transparent, vibrant & innovative securities market. This invariably implies that our need for competent people is continuous.

The NSE Group is comprised of National Securities Clearing Corporation Ltd (NSCCL), NSE Infotech Services Ltd, NSE.IT Limited, India Index
Services and Products Limited (IISL), Dotex International Ltd., National Securities Depository Limited (NSDL), National Commodity and
Derivatives Exchange Limited (NCDEX), National Commodity Clearing Limited (NCCL) and Power Exchange India Limited (PXI).

As the leading stock exchange and fiscal entity in the country, we believe in recruiting the finest of talent in the industry. We are looking for
talent to be developed into future leaders of our organisation by cross-departmental exposure, continuous self-development opportunities and
ongoing reinforcement to develop & enhance customer orientation & leadership potential.

Awaiting you is an excellent compensation package including medical benefits, super-annuation benefits and a reward system designed to
promote merit and professionalism.